This occurs after inflation in the United States fell to 3% in June, reaching its lowest level since before the pandemic. In Peru, the BCRP maintained the reference interest rate at 7.75% for the sixth consecutive month.
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The exchange rate of the dollar It began downwards this Friday, July 14, and was located around S/3.5749, according to Bloomberg’s international currency listing portal.
The day before, the US currency had started its run at S/3.5825 and then progressed to S/3.5740 after the Central Reserve Bank (BCRP) closed.
At the local level, the board of directors of the issuing entity agreed to keep the reference interest rate at 7.75% for the sixth consecutive month. It is expected that the decreasing trend of year-on-year inflation will continue, so that it will reach close to the target range at the beginning of 2024.
Meanwhile, it was learned that inflation in the United States fell to 3% in June, reaching its lowest level since before the pandemic.
This setback suggests that the Federal Reserve (FED) of that country will stop raising interest rates at its next meetings, scheduled for July 25 and 26.
Thus, gold was lower on Friday after having risen in the previous five sessions, as growing expectations of a pause in these interest rate hikes put bullion on track for its biggest weekly gain since April.
Source: Larepublica
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